Randall Park is considering several business opportunities. He has gathered together the following information about the chances of success and possible outcome: Probability Option 1 Option 2 Option 3 Option 4 Favorable (81) 45% $100,000 $90,000 $80,000 $70,000 Unfavorable (82) 55% ($30,000) ($25,000) ($20,000) ($15,000) What is the expected value of Option 1